Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 05 2019

OYO Hotels & Homes delivers 3.5x growth in revenue in FY 2017-18 for India operations

As per consolidated audited financials, OYO India has witnessed a 3.5x revenue growth, reporting an operating revenue of Rs 416 cr, compared to Rs 120 cr reported for FY 2016-17.

OYO Hotels & Homes delivers 3.5x growth in revenue in FY 2017-18 for India operations

OYO Hotels & Homes, South Asia’s biggest, one of China’s top 3, and the world’s fastest-growing chain of leased and franchised hotels, homes & living spaces, reported India financial results for FY 2017-2018. As per consolidated audited financials, OYO India has witnessed a 3.5x revenue growth, reporting operating revenue of Rs 416 cr, compared to Rs 120 cr reported for FY 2016-17.

The revenue growth has been driven by strong underlying business drivers notably increase in exclusive room supply, two times increase in stayed room nights and consistent margin expansion. The growth trend continues in FY 2018-19 with revenue estimates of over Rs 1,400 cr.

The robust business model with limited marketing spend generates double-digit positive contribution margins. OYO continues to invest in technology and build long term capabilities while getting onboard the top talent in the country. Margin expansion and a high degree of operating leverage in the business model has resulted in more than 50% improvement in economics with the losses as a % of realised value coming down from 44.5% in FY 2016-17 to 20.3% in FY 2017-18.

Repeat customers for OYO generated 73% of revenue in Q4 2018 (Oct-Dec) bringing in an industry leading metric. This can be attributed to a seamless product experience, efficient operations, and solid distribution capabilities.

Globally, OYO Hotels & Homes is now present in 500+ cities across eight other countries - India, China, Malaysia, Nepal, UK, UAE, Indonesia, and the Philippines, hosting guests in over 13,000 franchised and leased hotels, over 6000 homes. The company has over 450,000+ fully controlled leased and franchised keys as at December 2018 with realized value run-rate of $ 1.8B (4.3x Y-O-Y growth).

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Skills / Personality Development
    About Us: Twin Win is an 8-year-old organisation that has transformed..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New Delhi Delhi
  • Others Food Service
    About Us: Well established brand with great fan following. Passionate management team..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 720
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Express Food Joints / Drive Through
    About Us: Founded in 2019, we are offering palatable cheesiest food..
    Locations looking for expansion Rajasthan
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Paints & Allied Products
    About: Apollo Paints, ISO 9001:2017& ISO 14001:2015 certified, is a three-decade-old..
    Locations looking for expansion Karnataka
    Establishment year 1994
    Franchising Launch Date 2020
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Bangalore Karnataka
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities